Civic Intelligence

Tri County Credit Union

990 • Fiscal year 2013 • EIN 39-1022442

Jan 01, 2013 to Dec 31, 2013 • Filed on Jul 22, 2014

PO Box 106Marinette, WI 54143

(715) 735-3913

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

23rd percentile

0.85x

Higher debt load relative to assets than 23% of similar nonprofits.

2013 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2013

Liabilities / Revenue

80th percentile

25.32x

Higher debt load relative to revenue than 80% of similar nonprofits.

2013 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2013

Net Margin

10th percentile

-9.9%

Higher net margin than 10% of similar nonprofits.

2013 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2013

Top Officer Pay

92nd percentile

$151,925

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 17.7% of source-year revenue.

2013 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2013

Asset Growth

19th percentile

-2.0%

Faster asset growth than 19% of similar nonprofits.

2013 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Assets

Down

$25,698,022

Down $522,732 (-2.0%) from 2012

Net Assets

Down

$3,969,271

Down $85,291 (-2.1%) from 2012

Liabilities

Down

$21,728,751

Down $437,441 (-2.0%) from 2012

Revenue

$858,263

No earlier filing loaded for comparison.

Expenses

Down

$943,554

Down $58,366 (-5.8%) from 2012

Net Income

-$85,291

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$40M$30M$20M$10M$0Assets 2010: $24,691,903Liabilities 2010: $20,712,659Net Assets 2010: $3,979,2442010Assets 2011: $25,038,465Liabilities 2011: $21,008,030Net Assets 2011: $4,030,4352011Assets 2012: $26,220,754Liabilities 2012: $22,166,192Net Assets 2012: $4,054,5622012Assets 2013: $25,698,022Liabilities 2013: $21,728,751Net Assets 2013: $3,969,2712013Assets 2014: $26,398,052Liabilities 2014: $22,508,747Net Assets 2014: $3,889,3052014Assets 2015: $27,218,214Liabilities 2015: $23,267,424Net Assets 2015: $3,950,7902015Assets 2016: $27,660,766Liabilities 2016: $23,721,129Net Assets 2016: $3,939,6372016Assets 2017: $28,154,382Liabilities 2017: $24,207,354Net Assets 2017: $3,947,0282017Assets 2018: $28,720,162Liabilities 2018: $24,637,774Net Assets 2018: $4,082,3882018Assets 2019: $29,163,963Liabilities 2019: $24,989,726Net Assets 2019: $4,174,2372019Assets 2020: $33,468,298Liabilities 2020: $29,295,842Net Assets 2020: $4,172,4562020

Highlighted filing

2013

Assets$25,698,022
Liabilities$21,728,751
Net Assets$3,969,271

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KExpenses 2010: $1,080,2042010Expenses 2011: $999,0652011Expenses 2012: $1,001,9202012Revenue 2013: $858,263Expenses 2013: $943,554Net Income 2013: -$85,2912013Revenue 2014: $832,381Expenses 2014: $909,416Net Income 2014: -$77,0352014Revenue 2015: $903,299Expenses 2015: $841,815Net Income 2015: $61,4842015Revenue 2016: $908,835Expenses 2016: $919,988Net Income 2016: -$11,1532016Revenue 2017: $1,000,112Expenses 2017: $992,721Net Income 2017: $7,3912017Revenue 2018: $1,221,168Expenses 2018: $1,085,807Net Income 2018: $135,3612018Revenue 2019: $1,281,672Expenses 2019: $1,189,824Net Income 2019: $91,8482019Revenue 2020: $1,104,293Expenses 2020: $1,106,074Net Income 2020: -$1,7812020

Highlighted filing

2013

Revenue$858,263
Expenses$943,554
Net Income-$85,291
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Jul 22, 2014
Return Version
2013v3.1
Gross Receipts
$885,763
Mission and Program Overview

Mission

To provide the best financial services possible to our members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$13,191,475$11,310,622▼ $1,880,853
Savings and Temporary Cash Investments$10,856,698$8,815,143▼ $2,041,555
Rtn Earn Endowment Incm Other Fnds$4,054,562$3,969,271▼ $85,291
Investments Program Related$380,152$3,908,058▲ $3,527,906
Cash and Non-Interest-Bearing Accounts$720,896$404,908▼ $315,988
Land, Buildings, and Equipment, Net$336,750$310,929▼ $25,821
Prepaid Expenses and Deferred Charges$14,926$11,029▼ $3,897
Accounts Receivable$10,700$10,750▲ $50
Total Assets$26,220,754$25,698,022▼ $522,732
Other Assets Total$709,157$926,583▲ $217,426
Liabilities
Other Liabilities$22,033,604$21,456,385▼ $577,219
Accounts Payable and Accrued Expenses$132,588$226,484▲ $93,896
Escrow Account Liability-$45,882-
Total Liabilities$22,166,192$21,728,751▼ $437,441
Net Assets / Fund Balance
Total Net Assets Fund Balance$4,054,562$3,969,271▼ $85,291
Total Liabilities and Net Assets / Fund Balance$26,220,754$25,698,022▼ $522,732

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$38,636$673,489$712,125
Buildings$172,293$370,862$543,155
Land$100,000-$100,000
Investment Program Related Org$10,000--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Carl LangPresidentFT$84,774$67,151$151,925
Debra GutknechtVice PresideFT$38,032$9,164$47,196

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$769,688
Investment Income
$85,021
Other Revenue
$3,554
Change in Net Assets
$-85,291
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$480,470
Salaries, Compensation, and Employee Benefits$463,084
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$262,374
Office Expenses---$156,792
Current Officers, Directors, Trustees, and Key Employees---$122,806
Information Technology---$56,424
Other Employee Benefits---$53,639
Occupancy---$34,505
Fees for Services Other---$33,067
Insurance---$32,710
Depreciation Depletion---$32,442
Payroll Taxes---$24,265
Other Expenses---$18,176
Travel---$14,413
Advertising---$6,632
Fees for Services Legal---$5,636
Total Functional Expenses$0$0$0$943,554
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Members Shares & Deposits$21,502,267
Escrow to Line 21$-45,882
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

The organization has members. To be a member, you must have a share (savings) account at the credit union.

Form 990, Page 6, Part VI, Line 7A

The board of directors is elected by the credit union members. Each member has one vote.

Form 990, Page 6, Part VI, Line 7B

A member vote is required for decisions which are beyond the authority of the board of directors. Items which require a membership vote are outlined and specified in our bylaws. Each member has one vote.

Form 990, Page 6, Part VI, Line 11B

Data is provided to independent cpa to prepare the return. The prepared return is reviewed for by management for correctness and approved. After approval, the return is presented to the board of directors at the next board meeting. The approved return is e-file by independnet cpa.

Form 990, Page 6, Part VI, Line 12C

Policy is reviewed annually, and any potential conflicts are discussed at the monthly board meetings.

Form 990, Page 6, Part VI, Line 15A

The ceo's salary is compared to wisconsin credit union peers in a meeting of the personnel committee. The personnel committee adjusts and approves the ceo's salary and benefits. A copy of any changes are kept in the ceo's personnel file. The board of directors approves the annual budget which includes all salaries and wages.

Form 990, Page 6, Part VI, Line 19

Copy of financial statements available at lobby counter. Policies are avialibale to members upon request.

Filing and Contact Details

Filer

EIN
39-1022442
Phone
7157353913

Signing Officer

Name
Carl Lang
Title
President
Phone
7157353913
Signed
2014-07-22

Organization Details

Principal Officer
Carl Lang
Formed
1936
Legal Domicile
Wi
Voting Board Members
7
Independent Board Members
7
Employees
12
Volunteers
9

Preparer

Preparer
Brent Wookey CPA
Supplemental Narrative

Additional Explanations

Form 990, Page 5, Part V, Line 3B

The credit union will file the 990-t by its extended due date of november 15th.

Financial Statement Notes

Schedule D, Page 2, Part IV, Line 2B

The credit union holds funds in escrow accounts for property taxes and homeowners insurance related to mortgage loans.

Raw XML Appendix375 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt210000
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0INVESTMENTS MATURITY > 1 YEAR
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1CORPORATE CU CAPITAL ACCOUNTS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc2WCUSSC SHARES
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc3.
IRS990ScheduleD/LandGrp/BookValueAmt0100000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0100000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt021502267
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1-45882
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBERS SHARES & DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ESCROW TO LINE 21
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CREDIT UNION HOLDS FUNDS IN ESCROW ACCOUNTS FOR PROPERTY TAXES AND HOMEOWNERS INSURANCE RELATED TO MORTGAGE LOANS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 2, PART IV, LINE 2B
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0310929
IRS990ScheduleD/TotalBookValueProgramRltdAmt03908058
IRS990ScheduleD/TotalLiabilityAmt021456385
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt084774
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt047736
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt019415
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0CARL LANG
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0151925
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CREDIT UNION WILL FILE THE 990-T BY ITS EXTENDED DUE DATE OF NOVEMBER 15TH.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION HAS MEMBERS. TO BE A MEMBER, YOU MUST HAVE A SHARE (SAVINGS) ACCOUNT AT THE CREDIT UNION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS IS ELECTED BY THE CREDIT UNION MEMBERS. EACH MEMBER HAS ONE VOTE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A MEMBER VOTE IS REQUIRED FOR DECISIONS WHICH ARE BEYOND THE AUTHORITY OF THE BOARD OF DIRECTORS. ITEMS WHICH REQUIRE A MEMBERSHIP VOTE ARE OUTLINED AND SPECIFIED IN OUR BYLAWS. EACH MEMBER HAS ONE VOTE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DATA IS PROVIDED TO INDEPENDENT CPA TO PREPARE THE RETURN. THE PREPARED RETURN IS REVIEWED FOR BY MANAGEMENT FOR CORRECTNESS AND APPROVED. AFTER APPROVAL, THE RETURN IS PRESENTED TO THE BOARD OF DIRECTORS AT THE NEXT BOARD MEETING. THE APPROVED RETURN IS E-FILE BY INDEPENDNET CPA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5POLICY IS REVIEWED ANNUALLY, AND ANY POTENTIAL CONFLICTS ARE DISCUSSED AT THE MONTHLY BOARD MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE CEO'S SALARY IS COMPARED TO WISCONSIN CREDIT UNION PEERS IN A MEETING OF THE PERSONNEL COMMITTEE. THE PERSONNEL COMMITTEE ADJUSTS AND APPROVES THE CEO'S SALARY AND BENEFITS. A COPY OF ANY CHANGES ARE KEPT IN THE CEO'S PERSONNEL FILE. THE BOARD OF DIRECTORS APPROVES THE ANNUAL BUDGET WHICH INCLUDES ALL SALARIES AND WAGES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7COPY OF FINANCIAL STATEMENTS AVAILABLE AT LOBBY COUNTER. POLICIES ARE AVIALIBALE TO MEMBERS UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 5, PART V, LINE 3B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt026220754
IRS990/TotalAssetsEOYAmt025698022
IRS990/TotalAssetsGrp/BOYAmt026220754
IRS990/TotalAssetsGrp/EOYAmt025698022
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalEmployeeCnt012
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0943554
IRS990/TotalGrossUBIAmt03129
IRS990/TotalLiabilitiesBOYAmt022166192
IRS990/TotalLiabilitiesEOYAmt021728751
IRS990/TotalLiabilitiesGrp/BOYAmt022166192
IRS990/TotalLiabilitiesGrp/EOYAmt021728751
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt04054562
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03969271
IRS990/TotalOtherCompensationAmt076315
IRS990/TotalProgramServiceRevenueAmt0769688
IRS990/TotalReportableCompFromOrgAmt0122806
IRS990/TotalRevenueGrp/ExclusionAmt090075
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0765059
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0858263
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt03129
IRS990/TotalVolunteersCnt09
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt026220754
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt025698022
IRS990/TravelGrp/TotalAmt014413
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0true
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine10PO BOX 106
IRS990/USAddress/City0MARINETTE
IRS990/USAddress/State0WI
IRS990/USAddress/ZIPCode054143
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.TRI-COUNTY.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/PersonNm0CARL LANG
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07157353913
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-07-22
ReturnHeader/Filer/BusinessName/BusinessNameLine10TRI-COUNTY CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0TRI-
ReturnHeader/Filer/EIN0391022442
ReturnHeader/Filer/PhoneNum07157353913
ReturnHeader/Filer/USAddress/AddressLine10PO BOX 106
ReturnHeader/Filer/USAddress/City0MARINETTE
ReturnHeader/Filer/USAddress/State0WI
ReturnHeader/Filer/USAddress/ZIPCode054143
ReturnHeader/PreparerPersonGrp/PreparationDt02014-07-26
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BRENT WOOKEY CPA
ReturnHeader/ReturnTs02014-07-26T14:46:10-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-01-01
ReturnHeader/TaxPeriodEndDt02013-12-31
ReturnHeader/TaxYr02013

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